LAST BUT NOT LEAST — Nora raises $150,000
Montreal-based Nora Explorations (ME) has completed a $150,000 private placement. The funds will be used to explore the company’s alluvial gold and diamond Kade concession in Ghana, West Africa, as we…
Articles by Northern Miner Staff
LAST BUT NOT LEAST — CMJ starts Prospector’s Page
Beginning this summer, prospectors will have the opportunity to promote their properties on a special “Prospector’s Page” in Canadian Mining Journal (CMJ). The CMJ will publish 120-word descriptions o…
PEOPLE — INSULAR EXPLORATIONS (May 23, 1994)
Cynthia Avelino appointed president and director; Walter Clemens, William Daly, Jack Milligan and David Stewart elected directors.
PEOPLE — NEW AEGIS RESOURCES (May 23, 1994)
Chet Idziszek and Arthur Luney appointed directors.
PEOPLE — SANTA FE PACIFIC (May 23, 1994)
David Smith appointed vice-president and chief financial officer; Bruce Hansen appointed senior vice-president, corporate development.
PEOPLE — HIGHGRADE VENTURES (May 23, 1994)
Franz Scheidz and Paul Joseph McGuigan appointed directors.
THE DIAMOND PAGE — Australia’s Ashton finds third kimberlite
Australian-based Ashton Mining of Canada (TSE) has discovered a third kimberlite near Attawapiskat River in northern Ontario. The company is earning a 51% interest in the project, which is 70% owned b…
THE DIAMOND PAGE — American Gem completes $7.3-million
American Gem (TSE) has completed a $7.3-million Euroequity offering. The placement, consisting of 1.5 million shares at $4.88 per share, was arranged by IBK Capital, a Toronto-based investment banking…
THE DIAMOND PAGE — Hendricks hits wide, low-grade
Surface and underground drilling by Hendricks Minerals (CDN) continues to intersect shallow, low-grade mineralization over broad widths at the Cross Lake gold-silver project in Colorado. To date, two …
STOCK MARKETS — Base metals add vigor to Toronto Exchange
Fueled by increases in base metal prices, the Toronto Stock Exchange 300 composite index gained just over 100 points to close at 4,269.15 for the week ended May 17. The mines and metals subgroup, lead…
Orcana teams with Outokumpu
Finnish conglomerate Outokumpu Mines plans to earn a 55% interest in the San Carlos property from Orcana Resources (VSE). The property is situated in Mexico’s Sonora state, and Outokumpu can earn the …
FINANCING (May 23, 1994)
Black Hawk Mining — 4.6 million common shares and 2.3 million common share warrants @ $1 per special warrant. Richmont Mines — 2.5 million common shares issuable upon the exercise of previously issu…